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RURAL DEVELOPMENT OHIO UNITED STATES DEPARTMENT OF AGRICULTURE
Our Mission <ul><li>To enhance the ability of rural communities to develop, to grow, and to improve their quality of life ...
Our Structure Hillsboro Area Office Area Director   Ms. Lynn Stevens  Community Programs Specialist   Mr. Ashley Kelly Sin...
Program Areas <ul><li>Rural Business Programs </li></ul><ul><li>Rural Housing Programs </li></ul><ul><li>Community Develop...
Rural Business Programs <ul><li>Business and Industry Loan Guarantee </li></ul><ul><li>Intermediary Relending Program </li...
Business and Industry Loan Guarantee <ul><li>Guarantee up to 80% of a private lender’s loan for a business that will creat...
Successful Business Partnerships The Making of Old Glory Rural Development awarded the Annin Flag company in Coshocton, OH...
Intermediary Relending Program <ul><li>A loan to a non-profit or public entity </li></ul><ul><li>Rate of 1%, Term of 30 ye...
Rural Business Opportunity Grants <ul><li>Grants to non-profits and public bodies for training, planning and technical ass...
Rural Business Enterprise Grants <ul><li>Grants to non-profits and public bodies to develop small and emerging rural busin...
Rural Business Enterprise Grants Truck Driving Simulator Rural Development awarded Southern State Community College, Hills...
Value Added Agriculture Marketing Grants <ul><li>Physically segregates an agricultural commodity/product to enhance its va...
Cooperative Development <ul><li>Rural Cooperative Development Grants – Grants made to establish rural co-op centers </li><...
Rural Cooperative Development Grant (Left to right) Representing OSU South Centers, Steve Baertsche, Keith Smith, Travis W...
Renewable Energy  <ul><li>Renewable Energy Grant Program </li></ul><ul><li>Energy Efficiency Grants </li></ul>
Community Facilities Program <ul><li>Direct WWD loans and grants </li></ul><ul><li>Guaranteed WWD loans </li></ul><ul><li>...
Community Facilities Program <ul><li>Direct WWD loans and grants </li></ul><ul><li>Guaranteed WWD loans </li></ul>Construc...
Community Facilities Program <ul><li>Direct CF loans and grants </li></ul>Highland County HI-TECH Center Hillsboro, OH
Community Facilities Program <ul><li>Direct CF loans and grants </li></ul>Rarden Fire Department  Rarden, Ohio  Scioto Cou...
Community Facilities Program <ul><li>Guaranteed CF loans </li></ul>Preble County YMCA  Eaton, Ohio
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Ohio Rural Development (Part I)

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Our mission is to enhance the ability of rural communities to develop, to grow, and to improve their quality of life by targeting financial and technical resources in areas of greatest need through activities of greatest potential

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Transcript of "Ohio Rural Development (Part I)"

  1. 1. RURAL DEVELOPMENT OHIO UNITED STATES DEPARTMENT OF AGRICULTURE
  2. 2. Our Mission <ul><li>To enhance the ability of rural communities to develop, to grow, and to improve their quality of life by targeting financial and technical resources in areas of greatest need through activities of greatest potential </li></ul>
  3. 3. Our Structure Hillsboro Area Office Area Director Ms. Lynn Stevens Community Programs Specialist Mr. Ashley Kelly Single Family Specialist Ms. Linda Ayres-Louiso Multi-Family Specialist Ms. Kandy Dudley
  4. 4. Program Areas <ul><li>Rural Business Programs </li></ul><ul><li>Rural Housing Programs </li></ul><ul><li>Community Development Programs </li></ul>
  5. 5. Rural Business Programs <ul><li>Business and Industry Loan Guarantee </li></ul><ul><li>Intermediary Relending Program </li></ul><ul><li>Rural Business Opportunity Grants </li></ul><ul><li>Rural Business Enterprise Grants </li></ul><ul><li>Value Added Agriculture Marketing Grants </li></ul><ul><li>Cooperative Development </li></ul><ul><li>Renewable Energy Programs </li></ul>
  6. 6. Business and Industry Loan Guarantee <ul><li>Guarantee up to 80% of a private lender’s loan for a business that will create/retain jobs </li></ul><ul><li>Eligible Areas: 50,000 or less Population </li></ul><ul><li>Typical Loan Guarantee is $1 - 2 million but range from $500,000 to $10 million </li></ul><ul><li>Incentive to Banks – secondary market </li></ul><ul><li>Incentive to Business – a secured loan can warrant favorable terms and rate </li></ul>
  7. 7. Successful Business Partnerships The Making of Old Glory Rural Development awarded the Annin Flag company in Coshocton, OH with a B&I loan of $1.6 million to help them upgrade their facilities and production capacity
  8. 8. Intermediary Relending Program <ul><li>A loan to a non-profit or public entity </li></ul><ul><li>Rate of 1%, Term of 30 years </li></ul><ul><li>Up to $750,000 a year </li></ul><ul><li>Funds are reloaned to rural businesses </li></ul>
  9. 9. Rural Business Opportunity Grants <ul><li>Grants to non-profits and public bodies for training, planning and technical assistance for rural economic development in communities of 10,000 population or less </li></ul><ul><li>National competition for funding </li></ul>
  10. 10. Rural Business Enterprise Grants <ul><li>Grants to non-profits and public bodies to develop small and emerging rural business enterprises </li></ul><ul><li>State allocation of a little over $1 million </li></ul>
  11. 11. Rural Business Enterprise Grants Truck Driving Simulator Rural Development awarded Southern State Community College, Hillsboro, OH with an RBEG for $30,000 to help with its truck driving program
  12. 12. Value Added Agriculture Marketing Grants <ul><li>Physically segregates an agricultural commodity/product to enhance its value </li></ul><ul><li>Helps expand customer base for products, commodities </li></ul><ul><li>Result in greater portion of revenues being available to producer </li></ul>
  13. 13. Cooperative Development <ul><li>Rural Cooperative Development Grants – Grants made to establish rural co-op centers </li></ul><ul><li>OSU South Centers successful applicant in Ohio </li></ul>
  14. 14. Rural Cooperative Development Grant (Left to right) Representing OSU South Centers, Steve Baertsche, Keith Smith, Travis West, Randy Hunt, Tom Worley and Dave Hahn share in the announcement of a $345,258 USDA Rural Cooperative Development Grant Cooperative Grant Recipient – OSU South Centers
  15. 15. Renewable Energy <ul><li>Renewable Energy Grant Program </li></ul><ul><li>Energy Efficiency Grants </li></ul>
  16. 16. Community Facilities Program <ul><li>Direct WWD loans and grants </li></ul><ul><li>Guaranteed WWD loans </li></ul><ul><li>Direct CF loans and grants </li></ul><ul><li>Guaranteed CF loans </li></ul>
  17. 17. Community Facilities Program <ul><li>Direct WWD loans and grants </li></ul><ul><li>Guaranteed WWD loans </li></ul>Construction of a new Water Treatment Plant and Water Tower in New Paris, OH Preble County
  18. 18. Community Facilities Program <ul><li>Direct CF loans and grants </li></ul>Highland County HI-TECH Center Hillsboro, OH
  19. 19. Community Facilities Program <ul><li>Direct CF loans and grants </li></ul>Rarden Fire Department Rarden, Ohio Scioto County
  20. 20. Community Facilities Program <ul><li>Guaranteed CF loans </li></ul>Preble County YMCA Eaton, Ohio
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